Category: Investing.com
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…
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Banking and Financial Markets CEOs are betting on generative AI to stay competitive, yet workforce and culture challenges persist By Investing.com
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Two-thirds (66%) of banking and financial markets CEOs surveyed said that the potential productivity gains from AI and automation are so great that they must accept risks to remain competitive. 65% of financial leaders say success with AI will depend more on people adopting it than on the technology itself,…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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Loews corp director Ann Berman sells shares worth over $72k By Investing.com
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Loews Corporation (NYSE:) Managing Director, Anne E. Berman, recently in transactions involving the company’s stock, according to its most recent Securities and Exchange Commission filings. On June 3, 2024, Berman sold 963 shares of common stock at an average price of $75.80, for a total of over $72,995. The transactions…
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Loews corp director Ann Berman sells shares worth over $72k By Investing.com
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Loews Corporation (NYSE:) Managing Director, Anne E. Berman, recently in transactions involving the company’s stock, according to its most recent Securities and Exchange Commission filings. On June 3, 2024, Berman sold 963 shares of common stock at an average price of $75.80, for a total of over $72,995. The transactions…
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Euro Nears 1.10 as Market Awaits ECB Meeting and US Jobs Data By Investing.com
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Investing.com – The Euro (EUR) saw a slight rise on Monday, crossing the 1.09 mark against the US Dollar (USD), as traders anticipate potential catalysts that could lead to further rises. Despite the lack of enthusiasm in the FX options market, with one-month implied volatility still at a low of…
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Dollar stabilizes ahead of key employment data; euro slips back By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, rebounding after sharp losses overnight, while the euro fell after weak German employment data. At 04:45 EDT (08:45 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 104.165,…
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Goldman Sachs updates US Conviction List for June By Investing.com
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Goldman Sachs on Monday updated its popular “US Convictions – Manager Cut List”, adding five stocks to its selection of buy-rated stocks from its US coverage. The five names added in the June update include Edwards Lifesciences Corp (NYSE:), Enphase Energy (NASDAQ:), Enphase Energy (NASDAQ:), Sempra Energy (NYSE:), Teradine (NASDAQ:),…
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Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Tuesday, while the dollar hovered near two-month lows, as weak economic readings fueled expectations of an eventual interest rate cut by the Federal Reserve. But traders remain wary of risk-driven Asian markets, with key US employment data, due this week, set to…
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Asian stocks muted before more rate cues; Indian elections in focus By Investing.com
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Investing.com — Most Asian stocks fell on Tuesday, easing recent gains as investors awaited more signals on interest rates this week, while Indian stocks hovered around record levels on bets that the Bharatiya Janata Party would win a third consecutive election term. General year 2024. Regional stocks received moderate signals…
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ECB rate cut should be positive for European equities By Investing.com
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Goldman Sachs analysts expect the European Central Bank to cut interest rates next week, a move expected to be positive for European stocks. The bank cites historical data and says European stocks typically perform well after interest rate cuts as financial conditions ease and investors become more optimistic about growth.…
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IN8bio shares target left unchanged from Laidlaw on glioblastoma study By Investing.com
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(NASDAQ:INAB) IN8bio Inc. (NASDAQ:INAB) on Monday received a Buy rating and a $7.50 stock target from Laidlaw, following the latest presentation of clinical study results. Over the weekend, the company updated its Phase 1 study of INB-200 in the treatment of glioblastoma (GBM) at the American Society of Clinical Oncology…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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Reservoir Media reports record revenue, eyes M&A growth By Investing.com
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Reservoir Media (RSVR) announced robust financial performance for the fourth quarter and full fiscal year 2024, achieving record-setting total revenue and operating income. The company witnessed an 18% year-over-year increase in revenue for the fiscal year, with its music publishing and recorded music segments growing by 15% and 22% respectively.…
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A Key to Smart Investing By Investing.com
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A stock’s intrinsic value represents its true value, which is determined by fundamental factors such as earnings, assets, growth potential and industry outlook. Unlike market price, which can fluctuate due to sentiment and external factors, intrinsic value reflects the underlying value of a business. For investors, understanding this intrinsic value…
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Apple reiterated as Top Pick, C3.ai stock upgraded By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! “AI-Powered Upgrade Is Coming:” Apple reiterates Bank of America’s “Top Pick” title Bank of America reiterated Apple (NASDAQ:) stock as the top pick, maintaining…
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Biden largely spent his political capital, the risk is now to the downside: BCA By Investing.com
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According to BCA Research analysts, President Joe Biden has largely exhausted his political capital. The company states that any major negative developments from this point “could destroy his presidency.” Despite having some successes, such as negotiating bipartisan budget deals and the Fed making a soft landing, the BCA says the…
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Why bond yields are likely to end the year lower By Investing.com
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The US bond market continues its volatile performance in 2024, with Treasury yields recently reaching four-week highs. However, despite the near-term strength, strategists at UBS believe bond yields are likely to end the year lower, due to several macroeconomic factors. Primarily, inflation in the United States is among the main…